The rupee slid to a record low of 52.77 on Monday as signs of a sharp slowdown in Asia's third-largest economy prompted investors to buy dollars.

Rupee

Rupee

Traders said possible buying by local oil importers, the biggest buyers of dollars in the local forex market, also pressured the currency.

At 4:53 p.m. (1123 GMT), the partially convertible rupee was at 52.76 per dollar, after closing at 52.03/04 on Friday.